AI startups captured a record-high portion of the funding pie last year. According to PitchBook data released on Tuesday and obtained by Bloomberg, venture capitalists poured $209 billion total into U.S. startups in 2024 — and nearly half of that funding, or a record $97 billion, went towards startups focusing on AI. The amount raised … Read more
A recent US Securities and Exchange Commission (SEC) filing revealed that Elon Musk’s AI company, xAI, raised £4.78 billion ($6 billion) from 97 investors in exchange for equity. The funds will be used to expedite training its powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla. The Grok AI model will likely … Read more
Billionaire tech mogul Elon Musk’s startup xAI said it had raised $6 billion from investors in its latest funding round, as it battles stiff competition in the artificial intelligence market. For the latest Elon Musk-related news, bookmark The South African website for 100% FREE-to-read content The firm, whose flagship product is the Grok chatbot, garnered support … Read more
Elon Musk has once again demonstrated his hands-on approach to leadership, dedicating 18 hours to personally reviewing five-minute presentations from each xAI team member. This marathon session, focused on improvements to Grok, the company’s advanced chatbot, highlights Musk’s relentless commitment to innovation and attention to detail. A Day of Rigorous Evaluation The session, described by … Read more
Digital Trends Between Tesla and xAI, Elon Musk’s artificial intelligence aspirations have cost some $10 billion dollars in bringing training and inference compute capabilities online this year, according to a Thursday post on X (formerly Twitter) by Tesla investor Sawyer Merritt. “Tesla already deployed and is training ahead of schedule on a 29,000 unit Nvidia … Read more
Good news for tech-savvy youths, as the world’s richest man, Elon Musk’s AI company, xAI, is looking for people to fill a unique role. The company is seeking AI tutors and is offering a generous pay for the position. Those selected will earn Rs 5,000 per hour. The selected individuals will be responsible for ensuring … Read more
Elon Musk’s artificial intelligence company xAI has built and opened what will allegedly soon be the world’s largest supercomputer structure in the world. The facility is located in Memphis, Tenn, to the surprise of the City Council. The goal of this computer is allegedly to “understand the universe” and “accelerate human scientific discovery,” but for … Read more
Midjourney When it comes to AI image generators, you’ve got your choice from dozens these days. Two standouts from that pack (which includes Dall-E, Firefly, Stable Diffusion, and Playground AI) are Midjourney and Grok 2 — the former with its well-deserved reputation of generating stunningly lifelike images, the latter known for being able to conjure … Read more
Elon Musk’s announcement that Dell and Super Micro Computer will supply servers for xAI’s supercomputer triggered a surge in the stock prices of both companies on Thursday. Elon Musk further clarified in an X post that Dell will provide half the server racks for xAI’s supercomputer, with Super Micro also contributing. Super Micro’s stock price … Read more
Elon Musk is fueling the competition in artificial intelligence (AI) by throwing his resources behind his new AI startup, xAI, a move seen as a challenge to his former colleagues at OpenAI. In a May 26 blog post, the Musk-led AI startup announced securing $6 billion in a Series B funding round. The Series B … Read more
